First, the sale was unusually large for the couple and broke patterns they have been using for years. They started the sales on Jan. 24. The same day, Loeffler took part in a coronavirus outbreak Senate briefing that wasn’t made public. Some people suggested that Loeffler and her husband knew the market crash was coming and took the opportunity to sell off their stocks to profit.
The Department of Justice and the GOP-led Senate probed the case before dropping it. The SEC also investigated the matter, but the results haven’t been released (if they’ll be released at all). Any pre-planned trading schedule that Loeffler and Sprecher had was altered at some point.
View more information: https://marketrealist.com/p/kelly-loeffler-husband-nyse/